Central Oklahoma Home Prices Surpass $275K as Demand Outpaces Construction

OKLAHOMA CITY — The average home price in central Oklahoma has climbed above $275,000, reflecting a broader national trend of rising residential property values.

Drivers Behind Rising Central Oklahoma Home Prices

This surge is fueled by sustained population growth—particularly in the Oklahoma City metro area—and a slowdown in new home construction. Inventory shortages are limiting buyer options and giving sellers the upper hand.

“We’ve always had a reputation for affordable homes,”said housing analyst Jane Pickett.“But now, demand is outpacing supply, tipping the scales toward a seller’s market.”

Affordability Challenges for Residents

First-time buyers are especially affected, with affordability ratios rising. Demand is strongest in suburbs like Moore, Edmond, and Norman—areas where family relocations and new job growth are taking off.

Moving Forward: Solutions and Outlook

Local governments and builders are exploring incentive programs for affordable housing, expedited permitting for multifamily development, and public-private partnerships to maintain housing access for growing population.